I found this same token with the same design from the website calgoldtoken.com as the 1865 Indian #1, 13 stars. I wanted to take it to a local jeweler to test it, and these are the results: Copper: 73.02%, Gold: 15.51%, Zinc: 8.94%, Silver: 2.53%
Weight is 0.19g, Size is 9.5mm, So gold content is actually very little, and assuming a gold price per ounce when I calculated earlier today at about $4,435, means this little item has roughly ~$4.45 value in gold. If this item were pure gold, it would have an approximate value of $28.70. I now think this is more a later restrike of this same token that has a copper center plated in gold.
I paid about 60 cents for this item last year from a dealer in this and that who had a large lot of coins, tokens and medals that I bought a goodly amount of material from and the dealer was happy and I was happy.
I finally got around to getting this item tested as I was planning on to make a numista page for this especially if it tested pure or nearly pure, and even if I do add this to Numista, I will probably move it on numista to a more modern page.
Please add it to Numista, as that would help others who encounter these wicked little bits. I have a set that my dad picked up back in the '60s or early '70s. These are the best pics I have - one day I'll dig them out.
Inordinately fascinated by bits of metal with strange markings and figures
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